For Immediate Release
August 1, 2016
Press contact: Greg Weatherford (804) 786-2323
RICHMOND—Most in-state undergraduates attending Virginia’s public colleges and universities will see their tuitions and mandatory fees increase this year an average of $369, or 3.6 percent, the lowest such rate in 15 years.
Including only tuition and classroom-related fees, the average increase for those students came to 2.9 percent – in line with the Commonwealth’s goal of minimizing price increases for in-state students.
That is in large part due to a historic $314 million investment in higher education by Governor Terry McAuliffe and the General Assembly in the 2016-18 state budget, said Dan Hix, finance policy director for the State Council of Higher Education for Virginia.
“This is a strong indication that greater public support leads to lower costs borne by our students,” Hix said. Lower tuition and fees should lead to lower student debt, Hix added.
On average Virginia’s four-year institutions raised tuition, room and board, and mandatory fees a combined 4 percent. The Virginia Community College System, which does not charge room and board, increased tuition and fees 2.6 percent.
Including the two Virginia institutions with non-standard tuition systems, the College of William & Mary and the University of Virginia, the average cost for a year of school for full-time in-state undergraduates increased 4.1 percent to $20,695.
A full analysis of the cost of attending college in Virginia is included in “Tuition and Fees at Virginia’s State-Supported Colleges and Universities,” released today. The annual report, created by SCHEV and mandated by the General Assembly, reviews and analyzes tuition, fees and other costs.
More than half the cost of attending college is composed of fees and room and board. This year for the first time the report compiles institutions’ mandatory fees in a way that allows straightforward comparison by categories such as parking, intercollegiate athletics and recreational facilities.
Though this year’s increases were modest, Hix cautioned that decades of reduced state support have pushed an increasing share of the cost of higher education on students and families.
“I am pleased to see that trend reversed in this budget cycle,” Hix said. “Still, we need to take a hard look at how the Commonwealth supports our colleges and universities to keep the system financially strong.”
For more information, visit schev.edu/index/reports/schev-reports/2016-17-tuition-and-fees-report or contact Greg Weatherford, SCHEV associate for communications, at (804)786-2323 or email@example.com.
The State Council of Higher Education for Virginia is the state’s coordinating agency for higher education. With The Virginia Plan for Higher Education, SCHEV is dedicated to making Virginia the best-educated state by 2030. For more on The Virginia Plan: schev.edu/index/statewide-strategic-plan